Trump said Atkins, CEO and founder of Patomak Global Partners and a former SEC commissioner, is a proven leader for sensible regulation.
"He also recognizes that digital assets and other innovations are critical to Making America Greater Than Ever," Trump said on Truth Social.
Investor optimism for crypto-friendly policies grew last month after the SEC announced Chairman Gary Gensler would step down on Jan. 20, the president-elect's Inauguration Day.
Gensler led a crackdown on the industry during his tenure at the SEC. Wall Street had anticipated his successor would pursue less regulation around crypto.
Bitcoin briefly hit a new record high on Thursday, Dec. 5, 2024, breaking through a price of $103,000 or equivalent to Rp1.63 billion (assuming an exchange rate of Rp15,865 per US dollar).
Responding to this increase, Tokocrypto CMO, Wan Iqbal said that the increase in Bitcoin prices exceeding USD 100,000 is an important milestone in the journey of this digital asset, reflecting the growing confidence in Bitcoin as a major asset class.
Iqbal said that this price surge was driven by several key factors. The first factor is the reduction in Bitcoin supply through the halving process reducing rewards for miners, creating a scarcity of supply that triggers buying pressure.
In addition, an extraordinary large inflow of institutional funds of more than USD 31 billion in net inflows was recorded in Bitcoin ETFs in the US, indicating that Bitcoin is increasingly accepted as a safe long-term investment asset.
